Program of record definition army

Enterprise-level At the DoD-wide or Department-wide level. The Enterprise-level encompasses the full range of objectives, policies, programs, and initiatives associated with leveraging the power of information and enabling Net-centric operations. Environmental Liability An environmental liability is a probable and measurable future outflow or expenditure of resources that exist as of the financial reporting date for environmental cleanup costs resulting from past transactions or events.

Any costs that are associated with environmental cleanup and restoration that can be attributed to specific items of military equipment should be included in the determination of full cost. An example would be environmental costs associated with refueling a nuclear powered naval ship.

Equipment Non-expendable, tangible, moveable property needed for the performance of a task or useful in effecting an obligation. Includes general equipment and military equipment. Existence Verifies that documentation is available at the enterprise-level to demonstrate that an item exists. It is responsible for promulgating accounting standards for the United States Government.

Fiscal Accountability Maintaining the documentation necessary to support the financial auditability of an item throughout its life cycle. Five Assertions The five assertions are:. An effort to value, capitalize, depreciate, properly account for, and report military equipment.

Full Cost The cost of all material being acquired to bring the asset to a form, fit, and location suitable for its intended use. General Equipment Any item that is functionally complete for its intended purpose and that:. Examples of general equipment include fork lifts, servers, copying machines, trucks, and video conferencing equipment. Simply put, it is the collection of all Asset, Liability, Equity, Revenue, and expense accounts. Government Furnished Material GFM Government Furnished Material GFM is government property that may be incorporated into, or attached to, an end item to be delivered under a contract or that may be consumed in the performance of a contract.

It includes, but is not limited to, raw and processed material, parts, components, assemblies, and small tools and supplies. Hazardous Materials Hazardous materials include materials that are toxic, corrosive, and reactive. Immaterial Costs Not material. Materiality depends on the degree to which an omission or misstatement would change or influence the judgment of a reasonable person relying on the information, and requires the application of professional judgment.

Both quantitative and qualitative considerations can determine materiality. Each DoD Component is responsible for defending any immateriality determinations including documentation. Increase Capabilities See Betterment definition. Intellectual Property Any intangible asset that consists of human knowledge and ideas. Some examples are patents, copyrights, trademarks, and software. Inter-Component Transfers Assets moved from one Component to another e.

Internal control objectives also may be relevant when determining the cause of unsatisfactory program performance. This Circular provides guidance to improve the accountability and effectiveness of Federal programs and operations by establishing, assessing, correcting, and reporting on internal control.

Software includes the application and operating system programs, procedures, rules, and any associated documentation pertaining to the operation of a computer system or program.

Normally, software is an integral part of an overall system or systems having interrelationships between software, hardware, personnel, procedures, controls, and data. Examples of IUS include commercial off-the-shelf software like Microsoft Office, SAP, Oracle; and contractor-developed and internally developed software, like the targeting software that is included in radar systems.

Intra-Component Transfers Assets moved within a Component e. Inventory Any item that is:. Inventory includes both Repairables and Consumables. Item A single hardware article or unit formed by a grouping of subassemblies, components, or constituent parts. DFARS Maintenance SFFAS 6 For purposes of this standard, maintenance is described as the act of keeping fixed assets in acceptable condition. It includes preventive maintenance, normal repairs, replacement of parts and structural components, and other activities needed to preserve the asset so that it continues to provide acceptable services and achieves its expected life.

Maintenance excludes activities aimed at expanding the capacity of an asset or otherwise upgrading it to serve needs different from, or significantly greater than, those originally intended.

Military Equipment For acquisition and financial reporting purposes, Military Equipment assets are defined as weapon systems that can be used directly by the Armed Forces to carry out battlefield missions. Military equipment:. Examples include combat aircraft, pods, combat ships, support ships, satellites, and combat vehicles.

Examples exclude training aircraft and simulators. Military Equipment Program Description The military equipment program description should identify:. Modernization To alter a property by installing up-to-date equipment, making contemporary cosmetic improvements, and deleting obsolete facilities.

Modifications An alteration to a configuration item CI applicable to aircraft, missiles, support equipment, ground stations software imbedded , trainers, etc. But the similarities end when where they focus their attention on a program.

There has always been confusion on the difference between Program Management and Project Management. The biggest difference is the size and scope between the two. Below is a list of the major differences. IPPD facilitates meeting cost and performance objectives from product concept through production, including field support.

The PMO is the organization or group of people who are in charge of project management within an organization. Question In what instances can an acquisition command procure and field a system without establishing an acquisition program program of record?

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